Amidst allegations levelled by Congress vice-president Rahul Gandhi that Gujarat government has wasted Rs 33,000 crore of taxpayer money on the Tata Motors Sanand project, the company on Thursday chose to clear the air by clarifying the matter of loan extended by the state government to Tata Motors.

A Tata Motors spokesperson said, "The investor-friendly environment created by the Government of Gujarat (GoG) encouraged Tata Motors to set-up its manufacturing plant in Sanand, with a long-term vision to make it one of the leading automotive hubs, further enabling Gujarat to contribute to the prosperity and growth of India.

Tata Motors has announced the launch of its lifestyle SUV - Tata Hexa - in the Nepal market and has delivered the first batch of the vehicle to 11 customers.

Available at a price of NPR 77.95 lakh, the Hexa will be available in the XT 4x4 variant across Nepal, Tata Motors said in a statement.

Once billed as the world's cheapest car, the Tata Nano is set to make a comeback in an electric vehicle (EV) avatar, according to reports.

The Tata Nano electric, according to an Autocar India report, will be launched on November 28 under a new name — the Jayem Neo.

Homegrown auto major Tata Motors today reported a threefold jump in consolidated profit at Rs 2,502 crore in the quarter to September from Rs 848 crore in same quarter last fiscal.

Consolidated revenue grew 10.34 per cent to Rs 70,156 crore as against Rs 63,577 crore a year ago, Tata Motors said in a release.

Tata Motors' recent increase in domestic sales and the success of cars like Tata Tiago and Tata Tigor has indeed helped Tata Motors to come back on postive growth trajectory but is still away from being a profit making entity for Tata Sons. The company is losing money on every passenger vehilcle that's being manufactured. In an interview to Economic Times, N Chandrasekaran, Chairman, Tata Sons accepted that every single car in the company is losing money and its not just Tata Nano.

After the Tiago hatch, the Tigor compact sedan seems to have clicked for Tata Motors as well, helping the company improve its market share in the segment.

Tata Motors has emerged as the second key player in the compact sedan segment, up from the fourth spot a year ago.

Tata Motors surged 7% to Rs 428 on BSE in early morning trade after the company reported a strong 25% increase in domestic sales at 53,965 units in September. The company had sold 43,031 units in September 2016. The stock recorded its sharpest intra-day gain since November 8, 2016, when it rose 6.9% in intra-day trade.

“This is at the back of growing festive demand across segments, increased positive customer sentiments, introduction of new products and strong customer engagement initiatives,” Tata Motors said in a statement.

Tata Motors Ltd., the owner of luxury car brands Jaguar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals.

Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 per cent to 397.6 billion rupees ($6.2 billion) as of June 30 from a year earlier, according to data compiled by Bloomberg. Reliance Industries Ltd., India’s biggest company by market value, had 721 billion rupees in cash in the period. The most among the nation’s companies.

MUMBAI: Tata Motors, India's largest automobile company by revenues on Thursday launched its much-awaited compact Sports Utility Vehicle Nexon, aggressively pricing it at Rs 5.85 lakh to Rs 9.45 lakh ex-showroom New Delhi, in a clear bid to challenge the market leader Maruti Suzuki's Vitara Brezza and Ford Motor's EcoSport.

Targeted at the personal car buyers, Nexon is the 4th product based on the ‘Impact Design’ philosophy which the company claims of it bringing together global and contemporary design with advance technology and features for the ones who would like to express themselves with a unique style of their own.

Tata Motors stock advanced nearly 5% on Tuesday on news reports that Tata Sons bought 1.7% stake in the automaker through multiple block deals executed on both BSE and NSE today. Today about 4.44 crore shares of Tata Motors were exchanged in a series of block deals for an amount aggregating to Rs 1,871.79 crore on both BSE and NSE. The stock of the automaker rose as much as 4.93% to the day’s high of Rs 424.9 on NSE and was the top gainer on both the main exchanges.

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